[One such item was an early 1900s royal scepter of England's King Edward VII. The lot opened with a minimum of $1,000. Thirty-five bids later, it sold for $40,100.] Any time an item sells for 40 times its opening bid, you've got to give it the credit it deserves, ... This auction has gone a long way to establishing the standards for many collectibles that to this point did not have benchmarks.